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RNS Number : 2091U Victoria PLC 22 November 2023
For Immediate
Release
Victoria PLC
('Victoria' or the 'Group')
Victoria Announces Board Changes
Victoria PLC (LSE: VCP), the international designer, manufacturer and
distributor of innovative flooring, announces that Zachary Sternberg is
leaving Victoria's board today, after five years as a non-executive director
in order to rebalance his time commitments.
Geoff Wilding, Chairman, commented: "During Zach's time at Victoria, the Group
has grown from a mid-sized flooring manufacturer to a global flooring group
with current annual revenues of nearly £1.5 billion and 6,750 employees. In
line with this growth, we recognise our obligations under the QCA Corporate
Governance Code to ensure our board has an appropriate number of independent
and non-executive directors. To that end we are engaging in a formal search to
strengthen the Board and ensure we have the necessary skills and knowledge to
lead the Company in its next stage of growth.
"I've enjoyed working with Zach a great deal over the last five years and his
participation in our board discussions has been invaluable. The Board, and
myself personally, would like to sincerely thank Zach for his contribution."
Zach Sternberg, said: "I have enjoyed my time working with the board at
Victoria, and as I rebalance my own time commitments, I am happy to leave with
such significant shareholders remaining on the board."
For more information contact:
Victoria PLC www.victoriaplc.com/investors-welcome
(http://www.victoriaplc.com/investors-welcome)
Geoff Wilding, Executive Chairman
Via Walbrook PR
Philippe Hamers, Group Chief Executive
Brian Morgan, Chief Financial Officer
Singer Capital Markets (Nominated Adviser and Joint Broker) +44 (0)20 7496 3095
Rick Thompson, Phil Davies, James Fischer
Berenberg (Joint Broker) +44 (0)20 3207 7800
Ben Wright, Richard Bootle
Peel Hunt (Joint Broker) +44 (0)20 7418 8900
Adrian Trimmings, Andrew Clark
Walbrook PR (Media & Investor Relations) +44 (0)20 7933 8780 or victoria@walbrookpr.com
(mailto:victoria@walbrookpr.com)
Paul McManus, Louis Ashe-Jepson
+44 (0)7980 541 893 / +44 (0)7747 515 393/
Alice Woodings, Charlotte Edgar
+44 (0)7407 804 654 / +44 (0)7884 664 686
About Victoria
Established in 1895 and listed since 1963 and on AIM since 2013 (VCP.L),
Victoria PLC, is an international manufacturer and distributor of innovative
flooring products. The Group, which is headquartered in Kidderminster, UK,
designs, manufactures and distributes a range of carpet, flooring underlay,
ceramic tiles, LVT (luxury vinyl tile), artificial grass and flooring
accessories.
Victoria has operations in the UK, Spain, Italy, Belgium, Germany, the
Netherlands, Turkey, the United States and Australia and employs approximately
6,750 people across 30 sites. Victoria is Europe's largest carpet manufacturer
and the second largest in Australia, as well as the largest manufacturer of
underlay in both regions.
The Group's strategy is designed to create value for its shareholders and is
focused on consistently increasing earnings and cash flow per share via
acquisitions and sustainable organic growth. (Further information about
Victoria can be found on its website, www.victoriaplc.com.)
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